The World Bank’s World Development Report 2014 will focus on ‘Managing Risk for Development’. As the Bank frames it in a concept note, “responsible and efficient risk management is crucial not only to reduce the negative impacts of shocks and hazards but also to enable individuals, households, and entrepreneurs to pursue new opportunities for growth and prosperity”.
The recognition of entrepreneurs as a category of agents, whose decisions are influenced by shocks and hazards, is part of a growing recognition of the role, both positive and negative, of entrepreneurs in development – see for instance my 2010 overview paper in the Small Business Economics Journal. One particular risk that entrepreneurs face in most fragile states is that of violent conflict. How can entrepreneurs manage the risk and impacts of violent conflict?